A former child model from Charlotte who once accused “X-Men” director Brian Singer of sexual assault has been convicted of defrauding investors of more than $300,000.
Michael Francis Egan III, 33, was sentenced to two years in federal prison after being convicted earlier this year of securities and wire fraud charges. After his prison term, he’ll be supervised by federal parole officers for two years. He also must pay restitution to his victims.
In 2014, Egan sued four top entertainment industry executives, claiming they sexually abused him when he was a teen model. His targets included “X-Men” director Bryan Singer, whom Egan accused of molesting him in Hawaii in 1999.
The accusations weren’t related to Egan’s conviction. He pleaded guilty to the charges in April. According to court records, Egan defrauded more than 14 victims over a five-year period. He lied about his assets, claiming he owned percentages of well-known hotels and casinos in Las Vegas. He also said he had connections to banking executives and investment moguls.
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Egan promised customers returns from investments in Halloween-themed attractions, television shows and land development, court records say. Instead, Egan used the capital to pay rent, buy groceries, underwrite medical bills and restaurant tabs, and take care of his pets, prosecutors say.